Validus Holdings, Ltd. ("Validus" or the "Company") (NYSE:VR) today
provided an initial estimate of Validus' net losses from third quarter
2017 loss events. Validus expects to record losses from these events,
net of reinsurance, retrocessional recoveries, noncontrolling interest
and net impact on premiums earned, in the amount of $378.9 million. This
amount is apportioned between events as follows:

Three Months Ended September 30, 2017

(Amounts in millions of USD)

Notable Loss Events (a)

Other Event

Total

Third Quarter 2017 Loss Events

Hurricane

Harvey

Hurricane

Irma

Hurricane

Maria

Mexico City

Earthquake

Net Losses and Loss Expenses Excluding AlphaCat

$

147.0

$

164.9

$

53.2

$

11.8

$

376.9

Validus' Share of AlphaCat Losses and Loss Expenses

7.3

21.0

7.4

0.1

35.8

Validus' Share of Net Losses and Loss Expenses

154.3

185.9

60.6

11.9

412.7

Less: Net Impact on Premiums Earned (b)

(7.9)

(22.7)

(2.9)

(0.3)

(33.8)

Net Loss Attributable to Validus (c)

$

146.4

$

163.2

$

57.7

$

11.6

$

378.9

(a)

Notable loss events are loss events which aggregate to over $30.0
million on a consolidated basis.

(b)

Net impact on premiums earned includes reinstatement premiums
assumed and ceded, and the net impact of accelerating unearned
premiums assumed and ceded.

(c)

The net loss attributable to Validus of $378.9 million is allocated
by segments as follows: Validus Re $223.3 million; Talbot $100.0
million; Western World $19.9 million; and AlphaCat $35.7 million.

The above estimates are based on Validus' current evaluation of impacted
contracts and information provided by customers and intermediaries.
Validus' actual losses from these events may vary materially from these
estimates due to uncertainties inherent in this preliminary information.

As part of the loss evaluation process, Validus has estimated the
industry losses from these loss events, excluding losses to the National
Flood Insurance Program, as follows: Hurricane Harvey $20 - $30 billion,
Hurricane Irma $25 - $40 billion, Hurricane Maria $25 - $45 billion and
Mexico City Earthquake $2 - $4 billion. These estimates of industry
losses are preliminary and subject to change. The estimated industry
losses are not used as the primary driver when determining Validus' loss
estimates. As noted above, Validus' loss estimates are based on an
evaluation of impacted contracts and information provided by customers
and intermediaries.

Ed Noonan, Validus' Chairman and Chief Executive Officer, stated, "The
devastation caused by these disasters has inflicted significant
suffering and loss to tens of millions of people, and our first thoughts
are for those whose lives have been disrupted. A key part of what we do
is to help people recover from the financial impact of catastrophes. We
will pay significant amounts in this regard, and it is a moment in which
I am proud of the role that our company and our industry performs for
communities all over the world. Validus is a strong company, and we are
very prudent in our risk management. As we look to the rest of the year
we continue to be well positioned with significant retrocessional and
reinsurance protection in place. While these events will affect each of
our businesses, our financial position allows us to sustain these events
with no disruption."

Validus Re is a global reinsurance group focused primarily on treaty
reinsurance. Talbot is a specialty insurance group primarily operating
within the Lloyd's insurance market through Syndicate 1183. Western
World is a U.S. specialty lines insurance group focused on excess and
surplus lines. AlphaCat is a Bermuda based investment advisor managing
capital for third parties and Validus in insurance linked securities and
other property catastrophe and specialty reinsurance investments.

Cautionary Note Regarding Forward-Looking
Statements

This press release may include forward-looking statements, both with
respect to the Company and its industry, that reflect our current views
with respect to future events and financial performance. Statements that
include the words "expect", "intend", "plan", "believe", "project",
"anticipate", "will", "may" and similar statements of a future or
forward-looking nature identify forward-looking statements. All
forward-looking statements address matters that involve risks and
uncertainties, many of which are beyond the Company's control.
Accordingly, there are or will be important factors that could cause
actual results to differ materially from those indicated in such
statements and, therefore, you should not place undue reliance on any
such statements. We believe that these factors include, but are not
limited to, the following: 1) the preliminary nature of reports and
estimates of loss to date in connection with the third quarter 2017 loss
events; 2) unpredictability and severity of catastrophic events; 3)
rating agency actions; 4) adequacy of Validus' risk management and loss
limitation methods; 5) cyclicality of demand and pricing in the
insurance and reinsurance markets; 6) statutory or regulatory
developments including tax policy, reinsurance and other regulatory
matters; 7) Validus' ability to implement its business strategy during
"soft" as well as "hard" markets; 8) adequacy of Validus' loss reserves;
9) continued availability of capital and financing; 10) retention of key
personnel; 11) competition; 12) potential loss of business from one or
more major insurance or reinsurance brokers; 13) Validus' ability to
implement, successfully and on a timely basis, complex infrastructure,
distribution capabilities, systems, procedures and internal controls,
and to develop accurate actuarial data to support the business and
regulatory and reporting requirements; 14) general economic and market
conditions (including inflation, volatility in the credit and capital
markets, interest rates and foreign currency exchange rates); 15) the
integration of businesses Validus may acquire or new business ventures
Validus may start; 16) the effect on Validus' investment portfolios of
changing financial market conditions including inflation, interest
rates, liquidity and other factors; 17) acts of terrorism or outbreak of
war; and 18) availability of reinsurance and retrocessional coverage, as
well as management's response to any of the aforementioned factors.

The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the risk
factors included in Validus' most recent reports on Form 10-K and Form
10-Q and other documents of the Company on file with or furnished to the
U.S. Securities and Exchange Commission ("SEC (News - Alert)"). Any forward-looking
statements made in this press release are qualified by these cautionary
statements, and there can be no assurance that the actual results or
developments anticipated by Validus will be realized or, even if
substantially realized, that they will have the expected consequences
to, or effects on, Validus or its business or operations. Except as
required by law, the Company undertakes no obligation to update publicly
or revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.